This must have site automates the .pdf generation of the required NSLDS Sheets for the annual submission of SLRP from https://studentaid.gov
Note: Prior to creating an account with NSLDS Medic, be sure to logon to studentaid.gov to ensure login and password are current, and answer verification questions to authenticate your account.
| Difference NOT Paid by LRP ? ! Difference NOT Paid by LRP Current Debt (-) Disbursed amount at time of contracting for LRP | |
| Interest Rate Factor (Rate / 365 Days) ! Interest Rate Factor (Rate / 365 Days) Rate (%) / Number of Days per Year (365.25). Ex. 4.6% = .046 / 365.25 = .00012594 | |
| Interest accrued per Day ! Interest accrued per Day Interest Rate Factor x Loan(s) Balance | |
| Interest accrued per Month ! Interest accrued per Month Interest per Day x of days per month | |
| Interest accrued per Year ! Interest accrued per Year Interest per Day x 365 days per year | |
| Interest Accrued over 6yrs ! Interest Accrued over 6yrs Interest per Year x 6yrs (varies as Principal decreases) | |
| Government Pays 15% Annually ! Government Pays 15% Annually Anniversary Payment on each approved loan | |
| Total Paid by LRP ! Total Paid by LRP 15% Annually x 6yrs = 90% of Disbursed Amount, (-) State and Federal Tax (Approximately 28%) | |
| Service Member Debt Remaining ! Service Member Debt Remaining Disbursed Amount (-) Total Paid by LRP | |
| TOTAL DEBT ! TOTAL DEBT (Difference NOT Paid by LRP + Interest Accrued over 6yrs + Service Member Debt Remaining) |